HUNGARY H2 Budapest now open
Hotelsschedule 14 July 2021
H2 in Budapest comprises 152 rooms
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The H2 Hotel Budapest, Trademark Collection by Wyndham has opened.
Retail & leisure
Bank Pekao has refinanced Newbridge Poland’s ‘Smart’ portfolio of retail parks with a EUR 10 mln loan.
Material partner
SKJB Szybkowski Kuźma Jeleń Brzoza-Ostrowska is a Polish boutique legal practice that’s not only celebrating its 5th birthday this year but also its listing on the Legal 500 ranking.
Office & mixed-use development
Hungarian investment manager Indotek Group has acquired the One Victoriei Center office building in Bucharest’s CBD from its developer, One United Properties, for an undisclosed sum.
Office & mixed-use development
Siemens Energy has leased 7,500 sqm of office space in the second office phase of One Cotroceni Park, which is under development in Bucharest.
Warehouse & industrial
Polish industrial developer LCube is to start its latest project – a 35,000 sqm warehousing centre near Mszczonów, about 55 km south-west of Warsaw city centre.
Retail & leisure
Atrium European Real Estate Limited, part of Israeli group G City (formerly Gazit Globe), has sold the Optima shopping centre in Košice in eastern Slovakia to an undisclosed buyer for EUR 118 mln.
Investment & finance
Immofinanz has published details of its updated strategy following the majority takeover of the Austrian real estate investor by its Czech counterpart CPI Property Group. This will involve selling off around EUR 1 bln of assets.
Warehouse & industrial
Prague-based industrial developer P3 has completed the purchase of a plot of almost 5 ha in Katowice for the development of a 22,600 sqm warehouse centre.
Warehouse & industrial
The Antczak Group has completed construction work in the Wrocław V Logistics Centre for developer GLP.
Office & mixed-use development
The Bridge, an office tower under construction by Ghelamco on pl. Europejski in Warsaw is the first project in the CEE to be awarded SmartScore and WiredScore certification for technically advanced buildings.
Office & mixed-use development
Aluminium can producer Canpack, a subsidiary of Giorgi Global Holdings has moved into the MK29 centre in Krakówa into offices designed by Trzop Architekci.
Warehouse & industrial
Czech industrial developer CTP has completed CTPark Mogoșoaia, which comprises a 35,000 sqm BTS warehouse for A&D Pharma – Dr.Max Group. According to CTP, this is the largest pharmaceutical storage facility so far developed in Romania.
Office & mixed-use development
OSTC Polska, part of UK-based derivatives trading group OTSC, has signed up to use serviced offices provided by Chillispaces in the Alchemia Argon office building in Gdańsk.
Office & mixed-use development
Romanian coworking provider Hotspot Workhub has leased 2,545 sqm in Orhideea Towers in Bucharest.
Warehouse & industrial
Swedish wall art retailer Desenio Group has leased almost 18,500 sqm of industrial and logistics space in CTPark Bor in Western Bohemia, where it has opened a distribution centre for European markets outside the Nordic region.
Warehouse & industrial
Sirin Development has completed the fourth stage of Liepkalnis Industrial Park in Vilnius in an investment of EUR 13 mln.
Warehouse & industrial
Chinese e-commerce giant JD International Logistics has leased more than 15,100 sqm in the newly-completed Panattoni Park Nadarzyn, about 25 km southwest of central Warsaw.
Construction
Erbud has been awarded a PLN 29.8 mln contract to modernise the Rector’s Office of the Medical University of Warsaw (WUM).
Warehouse & industrial
Cosmetics company Cupio has leased 3,200 sqm of warehouse space in CTPark Timișoara to support both its brick-and-mortar chain as well as its internet sales.
Office & mixed-use development
Graphcore, a UK-based IT company specialising in AI systems, has opened a 1,000 sqm R&D centre in the Olivia Star building in Gdańsk.
Meininger Hotels and Polish real estate developer Fronton have signed a deal to develop a 503-bed and 135-room hotel in Kraków, scheduled to open in summer 2023.
The Bucharest hotel market has the highest growth among CEE capitals in terms of revenue per available room (RevPAR), according to the Hotel Operator Beat H2 2021 report by Cushman & Wakefield.
Another difficult year for the hotel market has come to an end – hotels were back in operation for only the last six months of the year, but the summer and autumn seasons were much better than in 2020. But the hospitality sector is resilient and always has the potential to bounce back – according to the ‘Hotel market in the largest cities in Poland. Annual report 2021’ by Hotel Professionals, which ‘Eurobuild CEE’ has been granted the exclusive rights to publish.
UBM Development Czechia is close to completing the refurbishment of the more than 100-year-old former Cukrovarnického paláce (Sugar Palace) on Senovážné náměstí in the centre of Prague, which is to re-open in the spring as the Andaz Prague Hotel.
CPI Property Group has acquired the Mercure Bratislava Centrum Hotel from Invesco Real Estate for an undisclosed sum.
Crowne Plaza Hotels & Resorts has opened its first hotel in Budapest.
The Sofitel Wrocław Old Town, which was closed down permanently due to the pandemic, is to reopen as a Wyndham hotel after a new operator – Latvian company Mogotel – was secured for the hotel.
Radisson has opened its 15th hotel in Poland.
IHG Hotels & Resorts is to open the the first Holiday Inn Resort in Poland – in the Szklarska Poręba mountain resort in southwestern Poland, in partnership with AKME Wiśniewski Szklarska Poręba.
The H2 Hotel Budapest, Trademark Collection by Wyndham has opened.
Wing has completed the first Hungarian B&B Hotel on the banks of the Danube in Budapest, having converted the former Angyal office building on Boráros tér, near Petőfi Bridge.
Radisson Hotel Group has opened the Belgrade Art Hotel.
In 2020, EUR 370 mln was transacted in the hotel sector in Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia, according to the third CEE hotel investment report published by CMS and Cushman & Wakefield.
The Matild Palace hotel has reopened in Budapest after five years of extensive renovations. The building, which is owned by Özyer Group, is to be run by Marriott International as a Luxury Collection Hotel.
According to the Chamber of Commerce (Izba Gospodarcza Hotelarstwa) for the Polish Hotel Industry, Polish hotels face losses from May this year of up to PLN 750 mln.
The Radisson Blu Hotel, Bucharest, has reopened following a major capital investment to elegantly transform the hotel’s lobby and garden area, as well as increase the number of guest rooms to over 600.
The International Well Building Institute (IWBI) has confirmed that the two hotels in The Warsaw Hub development have been awarded the Well Health-Safety Rating.
Most owners and operators expect a rebound in the hotel sector in European capitals over 2023-2024, according to Cushman and Wakefield.
Focus Hotels has opened an 85-room hotel in Elbląg.
The IntercityHotel Budapest has opened next to the Keleti railway station., in the eastern part of the city centre.
Government educational programmes on the TV are always keen to inform us that Poles are jealous of the whole world, but at the same time, each nation without exception holds a deep ...
Small talkSwedish real estate investor Eastnine has until now mainly been active in the Baltic states. As it takes the plunge into the Polish market with its first acquisitions, we asked the ...
Stock market reportThe Warsaw Stock Exchange has been performing poorly recently in comparison to other trading floors across Europe, even though the economy has been surprisingly resilient and the e ...
The Iulius group and Netherlands-based Atterbury Europe are to invest EUR 0.5 bln in a large-scale, mixed-use urban redevelopment project on the 14 ha ...
Erbud has been awarded a PLN 29.8 mln contract to modernise the Rector’s Office of the Medical University of Warsaw (WUM).
The Globalworth Foundation has provided the authorities in Bucharest with office space for a Covid vaccination centre.
In response to the gravity of Russia’s aggression, Colliers has discontinued its business in Russia and Belarus, effective immediately, after more tha ...
Russia’s largest online retailer Wildberries has entered the Ukrainian market.
It really was 'a hard day’s night'! We’ve had to wait for this moment much longer than usual, but it has definitely been worth it. It is now possible ...
Did you know that Telegram is now the world's most popular internet messenger? Well, our channel is already on it!
A special series of podcasts straight from Cannes! The latest comment, opinions and forecasts! Every morning, exclusively at www.eurobuildcee.com!
The deadline for submitting nominations and applying to sit on the jury of the 12th Eurobuild CEE Awards falls on June 30th! Don't miss the opportunit ...
Polski Związek Firm Deweloperskich (PZFD) and Build Europe, the organisation representing the national federations of European developers and homebuil ...
A portfolio of six office buildings across Poland owned by PineBridge Benson Elliot and Sharow Capital has been awarded Well Building Standard and BRE ...
Meininger Hotels and Polish real estate developer Fronton have signed a deal to develop a 503-bed and 135-room hotel in Kraków, scheduled to open in s ...
The Generation Park Y office tower, which was developed by Skanska in Warsaw's Wola-Centrum district and is now owned by Hansainvest Real Assets, has ...
A tender has been announced to reconstruct pl. Trzech Krzyży in Warsaw.
Tétris has completed the fit-out work on Echo Investment’s new head office in Browary Warszawskie (the Warsaw Brewery).
Immofinanz has published details of its updated strategy following the majority takeover of the Austrian real estate investor by its Czech counterpart ...
DLE Poland, a fund managed by German land development specialist DLE made its first Polish acquisition – a site for the possible development of 4,500 ...
SKJB Szybkowski Kuźma Jeleń Brzoza-Ostrowska is a Polish boutique legal practice that’s not only celebrating its 5th birthday this year but also its l ...
Hungarian investment manager Indotek Group has acquired the One Victoriei Center office building in Bucharest’s CBD from its developer, One United Pro ...
MVGM has taken over the property management of the Nowy Rynek D building in Poznań, which is owned by Eastnine AB.
The second stage of the University of Warsaw’s Dobra 55 building has been completed. The scientific and didactic building is the largest investment in ...
Dom Development has opened the sales process for its Osobowicka 114 estate in Wrocław.
Bank Pekao has refinanced Newbridge Poland’s ‘Smart’ portfolio of retail parks with a EUR 10 mln loan.
Vantage Data Centers has announced the opening of two hyperscale data campuses – in Warsaw and Berlin.
Polish industrial developer LCube is to start its latest project – a 35,000 sqm warehousing centre near Mszczonów, about 55 km south-west of Warsaw ci ...
